
Exordium
Providing innovative and socially immersive games.
USD | 2021 | 2022 | 2023 |
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Revenues | 0000 | 0000 | 0000 |
% growth | - | - | 100 % |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Exordium Limited positions itself as a video game publisher at the intersection of online gaming and crypto-assets. Founded in 2019 and based in Famagusta, Cyprus, the company focuses on publishing and distributing socially immersive core video games. The firm's flagship project is publishing the sci-fi massively multiplayer online (MMO) strategy game, "Infinite Fleet," which is developed by Pixelmatic. The development team behind titles published by Exordium includes veterans from acclaimed franchises like Age of Empires, Homeworld, and Mass Effect.
The company's business model integrates blockchain technology directly with its gaming products. Exordium facilitates this through a Security Token Offering (STO), which allows investors to buy equity in the company and share in its future profits. For "Infinite Fleet," Exordium issued the EXO security token on the Liquid Network, a secondary layer of the Bitcoin blockchain, to enable high-frequency transactions. This approach serves as a fundraising mechanism, democratizing venture capital by making investment accessible to a broader public through platforms like STOKR. The company has successfully raised capital through this model, securing a $12.3M Series A round in December 2022 and a total of $7.2M in prior seed funding, with investors including Polyient and Tether.
"Infinite Fleet" is a strategy game where players command fleets of customizable spaceships in cooperative play against an alien threat. The game features a player-driven narrative and aims to integrate a crypto asset to power its in-game peer-to-peer economy. The game client is distributed using peer-to-peer technology to reduce server load and costs. Through its publishing efforts, Exordium manages the distribution and operational aspects of games that are designed to merge traditional gaming experiences with the economic possibilities of digital assets.
Keywords: video game publisher, crypto-assets, blockchain gaming, Infinite Fleet, security token offering, MMO strategy game, player-driven economy, Pixelmatic, Liquid Network, STOKR, digital assets, online gaming, venture capital, peer-to-peer economy, AAA game developers, Samson Mow, Cyprus, Polyient, Tether, sci-fi MMO